Worthless Securities DTCC Non-Transferable list

[Farmboynate]

there should be more pressure for Transfer agents to do their job correctly and keep an accurate number of shares out there they are suppose to keep track of who owns a companies shares if suddenly shares show up in a person account and didn't come from someone else that owned them would be simple easy fix to find out who is selling shares that doesn't own them and catch the counterfeiter

"Transfer agents perform three main functions:

Issue and cancel certificates to reflect changes in ownership. For example, when a company declares a stock dividend or stock split, the transfer agent issues new shares. Transfer agents keep records of who owns a company's stocks and bonds and how those stocks and bonds are held—whether by the owner in certificate form, by the company in book-entry form, or by the investor's brokerage firm in street name. They also keep records of how many shares or bonds each investor owns.
Act as an intermediary for the company. A transfer agent may also serve as the company's paying agent to pay out interest, cash and stock dividends, or other distributions to stock- and bondholders. In addition, transfer agents act as proxy agent (sending out proxy materials), exchange agent (exchanging a company's stock or bonds in a merger), tender agent (tendering shares in a tender offer), and mailing agent (mailing the company's quarterly, annual, and other reports).
Handle lost, destroyed, or stolen certificates. Transfer agents help shareholders and bondholders when a stock or bond certificate has been lost, destroyed, or stolen.
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